<PAGE>

         AMENDMENT NO. 1 TO AGREEMENT AND PLAN OF MERGER, dated as of March 
29, 1998, among Sunbeam Corporation, a Delaware corporation ("LASER"), Laser 
Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of 
Laser ("LASER MERGER SUB"), Coleman (Parent) Holdings Inc., a Delaware 
corporation ("PARENT HOLDINGS"), and CLN Holdings Inc. ("HOLDINGS"), a 
Delaware corporation and a wholly owned subsidiary of Parent Holdings.

         WHEREAS, Laser, Laser Merger Sub, Parent Holdings and Holdings have 
entered into an Agreement and Plan of Merger, dated as of February 27, 1998 
(the "MERGER AGREEMENT"), providing for the merger of Holdings with Laser 
Merger Sub, as provided therein;

         WHEREAS, defined terms used herein shall have the meanings ascribed 
thereto in the Merger Agreement, except as otherwise provided herein; and

         WHEREAS, Section 2.8 of the Merger Agreement provides that, at any 
time prior to the Holdings Effective Time, Holdings may elect, in its sole 
discretion, upon notice to Laser, to effectuate the Holdings Merger such that 
Holdings will be merged with and into Laser Merger Sub, with Laser Merger Sub 
as the Surviving Corporation for all purposes under the Merger Agreement, and 
that, in such event, the parties to the Merger Agreement shall execute an 
appropriate amendment thereto to reflect the foregoing.

         NOW, THEREFORE, in consideration of the foregoing and the respective 
representations, warranties, covenants and agreements set forth herein, the 
parties hereto agree as follows:

         This Amendment No. 1 shall constitute the election of Holdings and 
the notice to Laser contemplated by Section 2.8 of the Merger Agreement, and 
the parties hereto hereby agree that accordingly, notwithstanding anything to 
the contrary in the Merger Agreement, upon the terms and subject to the 
conditions set forth therein, and in accordance with the DGCL, at the 
Holdings Effective Time (as defined in Section 2.3 thereof), Holdings shall 
be merged with and into Laser Merger Sub, and following the Holdings 
Effective Time, Laser Merger Sub shall continue as the Surviving Corporation, 
and the separate corporate existence of Holdings shall cease. All of the 
provisions of the Merger Agreement shall be and hereby are deemed to be 
amended and modified to the extent necessary to reflect appropriately the 
foregoing election, notice and agreement, including Section 2.4 of the Merger 
Agreement, to reflect that the certificate of incorporation of the Surviving 
Corporation shall be the certificate of incorporation of Laser Merger Sub as 
in effect at the Holdings Effective Time.

         Except as amended hereby, the Merger Agreement shall remain in full 
force and effect in all respects.

<PAGE>

         IN WITNESS WHEREOF, the parties have executed or caused this
Agreement to be executed as of the date first written above.


                                       SUNBEAM CORPORATION

                                       By: /s/   Albert J. Dunlap
                                          ---------------------------
                                          Name: Albert J.Dunlap
                                          Title: Chairman of the Board and Chief
                                                 Executive Officer 



                                       LASER ACQUISITION CORP.

                                       By: /s/   Albert J. Dunlap  
                                          ---------------------------
                                          Name: Albert J. Dunlap
                                          Title: Chairman of the Board  



                                       CLN HOLDINGS INC.

                                       By: /s/  Glenn P. Dickes
                                          ---------------------------
                                          Name: Glenn P. Dickes
                                          Title: Vice President



                                       COLEMAN (PARENT) HOLDINGS INC.

                                       By: /s/  Glenn P. Dickes 
                                          ---------------------------
                                          Name: Glenn P. Dickes
                                          Title: Vice President